ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46214 vs 46227
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP46214Indianapolis city (balance), IN | ZIP46227Indianapolis city (balance), IN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $232,477 | $230,423 |
| 1-year appreciation | -0.4% | Better: 0.0% |
| 5-year CAGR | Better: +5.5% | +5.1% |
| 10-year CAGR | Better: +7.8% | +7.7% |
| Rent & investment | ||
| Monthly rent | Better: $1,227 | $1,334 |
| Gross yield | 6.3% | Better: 6.9% |
| Cap rate | 3.8% | Better: 4.2% |
| Property tax | ||
| Effective tax rate | 1.1% | Better: 1.0% |
| Typical annual tax | $2,515 | Better: $2,247 |
| Demographics | ||
| Population | 24,472 | 57,587 |
| Median household income | Better: $59,178 | $53,629 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -2,799 | -2,799 |
| Schools | ||
| Public schools | 8 | 13 |
| Students enrolled | 8,593 | 8,700 |